BIDENOMICS: ‘Historic Surge’ in Corporate Bankruptcies Across U.S., Highest Level Since COVID Pandemic
There has been a “historic surge” in corporate bankruptcies across the United States as businesses struggle under the pressure of Joe Biden’s failing economy.
According to a recent analysis from Standard & Poor’s, corporate bankrupticies reached their highest level since June 2020 at the height of the COVID pandemic.
The report explained:
June marked a historic surge in US corporate bankruptcy filings, with the highest number recorded in a single month since at least the start of 2020 and surpassing half-year figures seen in over a decade.
S&P Global Market Intelligence recorded 75 new corporate bankruptcy filings in June. The pace accelerated from the first months of 2024 and is rivaled by only the busiest months in 2020,
